tv Charlie Rose PBS October 12, 2012 11:30pm-12:30am EDT
>> rose: welcome to the program. we begin this evening with the recent conversation with the president of mexico. felipe calderon. >> you need to have the principals that know one nation couldn't prosper without rule of law. because that is exactly our main focus, in the sense that we are not prosecuting drugs by drugs themselves. we are looking for rule of law in mexico. we want a country in which the law prevails. otherwise it will be impossible to prosper or to have a fair society. >> rose: we continue talking about google ventures with kevin rose and bill maris. >> we're investing in teams and people more than
products at the early stages. so you're looking for larry and certificate guy as they were starting out they are what made google different from lycos and the other search engines. >> rose: we con chrood with the photography of brigitte lacombe. >> she asked would we be interested in doing something similar for london olympic on women in sport. and of course, i mean, it was just like a great opportunity because i mean for me and also for my sister to discover the new world, i know nothing about sports. and it was very intriguing. >> rose: yes. >> and so of course we said yes. >> rose: felipe calderon, bill regard maris, kevin rose and brigitte lacombe when we continue. funding for charlie rose was provided by the following:
captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: at the clinton global initiative business and government and ngos were in attendance to talk about big ideas, big problems. >> and here at cgi you've made impressive commitments in this fight. we are especially honored to be joined by advocates who dedicate their lives and at times risk their lives to liberate victims and help them recover. >> rose: we begin with the recent conversation with the president of mexico, felipe calderon. you headed up the g20. what was that experience for you as an opportunity to engage others and focusing on big global problems? >> let me start by
remembering the meeting we had in france in november 2011. it was a very disappointing one. we finished that without agreements, even without a sense of direction. so the problem seemed not only serious but also out of control. and then we started a process when mexico took over the head of the g20. we started a multiple processes in the sense that we beginning several ministerial meetings in order to put in a commonplace the different positions and try to close the gap between them. and at the same time we started to include several expressions. we talked with the unions, with the organizations, we talked with people, we talked with the private sector.
we organized several meetings with the so-called g20. and finally we reach the g20 meeting in loss caboes last june. and we focus in three main areas. first the strategies for short term, in particular the economic crisis in europe. the long-term economic problems, and then we developed the action plan of loss cabo for growth and jobs, and third other problems but very important problems which is food security, financial inclusion and green growth, environmental issues. and all those topics we included the opinion and expresses of the private sector, civil society, ngos and probably the first time in the g20 under my experience, it was a very, very important input for the outcome of the g20. so it was a good experience. and a strongly recommend to followup the commitment
coming from this open dialogue we organized. >> rose: mexico's economy is doing how well now or how bad? >> well, doing well. i received today the report of july and again the economic growth was bigger than expected. 4.7 for july. >> rose: we'd take that here. >> that's good. let me tell you, we suffered a lot in the economic recession, 2009. >> rose: right. >> however, mexican economy expanded almost 16% since the second semester of 2009. so we had like 13 quarters in a row growing and generating like 700,000 new jobs in the formal sector which is very good for mexico. and i think that finally the economy is becoming very, very competitive. let me give you a couple of examples. when i took office six years ago mexico was the 9th largest exporter of vehicles
in the world. and today we are the fourth largest exporter of vehicles in the world. so we are, for instance, the first exporter of flat screen and it's becoming a very, very good economy. and it's not only that we are very close to the united states which is clearly an advantage, but also we are investing a lot of infrastructure and in a very important thing, charlie, which is human capital. we have built in this six years 140 new universities from greenfields, public and free tuition universities. and we add there are like 113,000 new engineers graduating every year in mexico so today there are more engineers every year than in germany or u.k. or canada or brazil. and with that, a lot of companies, american and global companies are realizing that mexico is very, very
competitive in manufacturing, for instance. even vis-a-vis china. >> rose: ed thing we read about are two big issues, one is narco terrorism. what is it going to take to win that battle? the second is immigration. >> well first a lot of courage, because otherwise it is impossible to deal with that. and you need to have the principals that no one nation could prosper without rule of law. because that is exactly our main focus, in the sense that we are not prosecuting drugs by drugs themselves. we are looking for rule of law in mexico. we want a country in which the law prevails. otherwise it would be impossible to prosper or to have a-- society.
so in that sense, second you need a comprehensive strategy. and our strategy has three fields. one is, of course, fighting the criminals. and we're doing so. second and more important, you need to build your law enforcement agencies. and in that sense we are creating is the an absolutely new federal police. and we are establishing new processes, for instance. we are betting any single new member of the police corporation if he at the federal level, and betting all the members of the police corps already in place because we have more reliable. and third you need to rebuild social fabric. and finally and probably, well, the most important thing that is needed to do is, in our case, you need to stop the incredible amount of --
>> and that's the reason they can achieve the level of corruption that they are able to achieve. because they've got so much money. >> indeed. but it's not only a question of money, yes, it's very important. but you need reliable, reliable people. so in that sense you need to pay much more to the policeman. but also you need people who believe in principleses and believe in the country. so and the corruption it's another very important topic, why, because unfortunately in the old political system or in the old system in mexican society corruption was some kind of a way to do things. >> yes. >> a way of doing business. >> but one things if are you in the street or anyone, for
me it's the same, it's bad in any case. the other question is, when the corruption or through the corruption organized crime coach the police corps and then they took over the hands of the society to protect themselves from the criminals. that's the problem. so that's the reason why we are in the process to rebuild the law enforcement institutions, to clean up the police corporation. to put in jail or-- the people involved with criminals and so on. >> and america doesn't help the problem because of the demand from the united states as well as the fact that guns are flowing from the united states into mexico. >> a lot of factors. well, one is part of a problem, or the big part of our problem is that we are living in a neighborhood in which the largest consumer of drugs in the world is our neighbor to the north. and all those guys want to
sell him drugs through my window, through my door. and the second is the weapons. you know, we have-- my government, 150,000 guns and weapons seized. and 85% of that were sold in a gun shop in the american side. >> rose: how would you grade yourself on your success on this battle as you leave office is it a disappointment? >> of course, the problem is long-term battle. in the sense that you need to switch the reality of the full society, probably. but i can measure it in this way. when i took office there were like two processes. one is that the weakening of the law enforcement agencies, mainly due to corruption. and on the other side, the empowering of the criminal organizations. so after this year i can see the same processes but in
the other way around. i can see the empowering and the strengthening of the capacities of the law enforcement agencies, new federal police with the state of the art technology and reliable people. and at the same time, decreasing a weakening process of the organized crime. we have put in jail or they die like 23 out of the 37 most wanted criminals in mexico. so from 2009 to 2012. >> rose: immigration, give us some free advice as to what would be the best immigration reform in the united states in your judgement because you have this very long border. >> first one fact which is very important, charlie, according with the pew institute, the rate of migration from mexican
workers to the united states, the net ratio reached 0 in 2010 and 2011. what that means that the number of mexican workers go you will up or going north is more or less roughly exactly the same as the mexican workers going south. why? this is a factor due to good and bad reasons. the bad reasons, if you want, is the american recession. more aggressive policy on the border. 15 days ago the american policeman killed a mexican father on the border who was just on a picnic with his kids on the mexican side. probably 14 people have died this year in more or less that way. third, of course, some kind of fear against the criminals. but in the good side of the equation is there are more opportunities for mexican
people. we have universal health coverage which means a doctor, medicine, treatment and hospital for any single mexican in our country. in order to do that we built more than 1,000-- 1,200 new hospitals and clinics in six years and refurbished or rebuilt more than 2,000 more. and with that we are providing health services for the whole population. i told about the new universities. we reach universal education coverage for kids. so in the basic level. and of course we are creating jobs. probably we need to pay better those jobs but the fact is there. so migration-- migration reaches 0 rate in 2011, 2010 and probably 2012. now it is clear for me that these comprehensive immigration reform is absolutely required.
and probably this is the window of opportunity to do that. why? because there is not such pressure in political field with immigration. we are stopping the mexican migration. and we can, or the american congress should consider that reform. that leave the people from the shadows, president obama say, i do believe on that and it could be very good for both country, not only for mexican workers but also for american society, that demand the services of the mexican people. >> rose: president calderon, thank you for joining us. pleasure to have you here. felipe calderon. >> google has changed the way we search, the way we use e-mail, the way we use maps and mobile technology. now it wants to disrupt the world of venture capital. founded in 2009 google ventures aims to maj 80 to 100 investments every year and that will mean investing
over $1 billion in the next five years. joining me now to explain what google ventures is and what it does is bill maris managing partner of google ventures and kevin rose also a partner. recently he founded dig and milk. i'm pleased to have both of them here at this table on this day. welcome. >> thank you. so tell me where google ventures started and what it is becoming. >> so google ventures started as you said in 2009. started really as an idea. i came to google to start it as one person. we now have over 50 people on the team, over 100 investments. and it was started really for two purposes. one to make money. it's a venture capital firm. our first goal is to create companies and work with founders to create really large commercial ent prices that change the world. that's the second part of the mission which is to find disruptive founders like larry and sergei, like steve jobs, like orville and wilbur, people who have dreams to change its world
and we're here to help them get there. >> rose: where are you going to find them? >> wherever they are. >> rose: and how are you going to find them? >> with the help of people like kevin and the rest of my team. >> rose: you came to google after having done other things. >> uh-huh. >> rose: why did you decide to come to google? >> hi taken some money from google ventures during my last round of financing when i started a company called milk. so i got a chance to work with the team. for me i would raise a bunch of venture capital over the years. and i like to work with people who have actually gone off and built businesses. and so some of the partners there, we have the co-founder of excite and and road. so i'm learning from these guys at the same tied. >> rose: so where do you think google ventures is going to make its mark? >> well, for me, i'm focused on early stage start-ups so i'm trying to find the next mark zuckerberg. i'm in coffeeshops in san francisco meeting with entrepreneurs, i probably go to 10 to 15 different start-ups during a week. i want to find big disruptive ideas. >> rose: but with ideas before they've done anything to move forward on the ideas. >> absolutely. sometimes it is an
entrepreneur that has an idea that hasn't even started coding it yet but they have done something previously that was interesting. so i know they have the means to go about building something. and they just want to, you know, brainstorm with me and white board some of these ideas out. >> farther of-- part of what we are looking for is we're investing in teams and people, more than products at the early stages. so you are looking for larry and sergei as they were starting out. because they're what made google different from lycos and the other search engines. so we're looking for people that fit that mold. >> rose: and how do you find them? and what are they like? >> two questions so, how do we find them. this is a social business. so it has to do with networks and working with people and it's a relationship business. you want to invest in people you know and trust, just like you want to hire people you know and trust. >> rose: but is there a shortage of venture capital? >> i think there is always a shortage of good venture capital there is a lot of money on the sidelines available to invest in start-ups but our approach is quite a bit different from the traditional venture fund.
>> rose: and how is that? >> we've built a team from the ground up over the last four or five years, which say rare opportunity in venture, of 50 plus people who are experts in a variety of areas. vertical areas like design, engineering, recruiting. so the typical venture fund is usually a confederation of ailt or ten partners responsible for finding a start-up, investing in it, and it's full lifecycle. we've taken more of a team approach. having been an entrepreneur and starting companies. i know the problems that entrepreneurs face when trying to build those companies. so we've tried to build a team that helps at those inflection points and those particular problems. >> rose: let me talk about data. how does google ventures use data. >> i think when we are analyzing a company, doing the due diligence around a company, especially in the later stages, you know, we make sure to go deep and meet with the entrepreneurs and explore, you know, how their conversion. i'm excited about exploring how they convert consumers into customers and things of that nature.
but as you can imagine we have a lot of big data geeks at google. >> rose: where are we now? what is called the digital revolution. where are we now in terms of where mobile is going? when you look at it, what's at the cutting edge? >> i think it's very early stages. and i think for most people they're figuring out how they can transition their business from like a desktop business, a pc business, to mobile. so you know, i was having lunch with the founder of pinterest, a popular web site out there. he told me how he thinks he will be the last desktop application and all new companies who start up will start mobile first. so i think that going forward people realize that when you have a phone with you that is a computer. and it's something you carry with you at all times. so that is the go-to device you will be using to consume most data, e-mails, text messages, facebook, you name it, will always be mobile first. >> think about it this way. in 1997 i think there were 50 million people connected to the internet.
lots of people had phones but not a lot of people had cell phones. today there are billions of people. i think there are almost 2 million android phones activated per day. so in the course of the month there were more people connected with the internet than on the internet just a few years ago that is not just the phone that is the wrong word for the device now t is a mapping device, gps, a communication tool, a shopping device. so it's a lot more than just a phone. and i think we're just scratching the surface of how that connected device can really change people's futures. >> rose: how is android been able to make the rise that it has achieved? >> i mean, at google, goog sell a big believer in open source, open standards. and if you remember what phones were like in the late '90s, the software wasn't that usable. you couldn't imagine shopping on a phone, if you look at michael douglas's phone on wall street, that's not a superuseful tool. so creating an operating system that is standards base and free that allow
handset carriers to adopt that and sort of customize in their own way really is opening up a lot of new frontiers. >> rose: how do you think biter and facebook will monetize. >> probably well. i mean it remains to be seen. twit certificate a great service. i really love it it remains to be seen if it's going to be a great business. i means that's the question, right? >> rose: and facebook. >> whether they be will be able to monetize mobile. >> rose: yeah. why can't they? >> i think they need to. >> rose: of course they need to? what is the issue. why have they not been able to? why is it a difficult chall snening. >> i think it's difficult-- i can't spoke for them specifically, but i would say it is difficult for the same reason it is for everyone. the desk to be was understood. browsers existed. and the data that you would use to present advertisements to people, take in the google case. you search for something so you could say hey, you're doing a search for bikes, you maybe interested in look for a bike. but your phone has not only a wealth of information but it has a wealth of other
concerns that come with it, privacy issues. you have it with you. so the phone might know where are you are. you have to be really sensitive how you use that information to build a revenue engine. and frankly, i don't think those companies have till now spent a lot of time trying to figure that out. they're trying to build a-- . >> rose: or as many people making applications for android as for the iphone? >> i don't know. >> rose: that was the questions in the the beginning, was it not. more people making apps for the iphone than android. >> that certainly was the case. how to know how many people are making casesment you can figure out how many apps are in each store but in terms of the top apps, kevin is an application expert, but they are mostly the same as to what is available in one or the other at this point is that true? >> i feel that application developers. >> rose: why to the tors forced to choose one. >> no and when i meet with a new start-up, let's say it is two or three people that got together and getting ready to launch their first mobile app. typically they lean towards
doing an ios, apple app first. and then quickly will pour it over to android after they get that out the door. once they've launched their application. >> rose: it's better to launch on -- withins on apple just to see how things are going. if they have some initial uptake and they see growth in their application and it's successful, then insta gram is a great example. came out on ios and they they had planned to launch an android version. >> rose: then they were bought by facebook. >> correct. >> rose: here's what someone says dns. >> kevin used to work at google. >> rose: here is what someone said. i think this was for-- google is building a firm in order to improve how start-ups are created so the industry can produce more innovation that one day may positively impact the search company's business. follow that the road map resembles the logic behind chrome and android, products once initial dismissed as quirky indulgence of a company that had more money than sense. is that accurate.
>> i have heard that charge before. but look, goog sell the kind of place that i think would rather leave a smoking crater in the ground. >> rose: this is a quote made about larry. >> yeah, that would-- and i have said it many times would rather leave a smoking crate never the ground than just do what everyone else is doing. we saw an opportunity to reinvent the venture capital model. and we took it and we took it at a time where the economy was at very much a low point. and we have had a great deal of success. >> rose: i sometimes ask and i can do this this far away and knowing so little. who is the next steve jobs and two names always pop up. one is larry, for sure. you know. and the other sometimes is jack dorsey. anybody you see on the horizon that has the potential to be what steve. >> you named two great candidates but i think they will be the next larry and the next jack. and i don't-- it's hard to imagine-- . >> rose: that is a smart thing to say. >> thanks i'll take.
>> i think jack has the design aesthetic and the idea of keeping things very simple and lightweight. know. having gotten to know him over the years i can really appreciate that side of jobs and kind of johnnie owe-- that he has in him. >> one mistake people i think make a lot is asking what is the next microsoft, what is the next google, who is the next steve. and it's never the next that. >> rose: of course. >> its next microsoft. >> steve was not the next anything, steve was the next steve. >> our job is to find the person who is the next themselve. >> rose: yeah. how much competition is there now in doing what you are trying to do because i have read numbers that suggest venture capital has not been doing as well as it had at an earlier time. now clearly they are big winners, facebook being one? >> yeah. there is a misconception that venture capitalists compete with each other. we coinvest with virtually every fund. >> right. >> and coy sit here and tell you if i were raising money,
serving investors i would love to have invest in my company and the entrepreneur has all the power. they get to pick who their investors are. we don't get to pick and neither does sort of the other fund down the street. >> rose: if i was an entrepreneur prn and had an idea and was looking for money, i mean you want to pick somebody who is to the just going to give you money, that going to give you something that will help you build your dream. >> right, absolutely. and this is something that i have been in the past i have been an entrepreneur for many years. and hi a company come to me last week where you know they were looking to raise money but they were already making a lot of money so they didn't necessarily need to raise a round of funding. i told them don't take anyone's money right now. will you just give away more of your company. and to them that say little bit weird because i'm in the business of investing our money into start-ups like this but i just know that long-term if i give them the right advice now will come back to me for his next round and we'll be able to do that so we have to do what is right for the entrepreneur. >> this business at its highest level has never been about money. it's a commodity and you
would have to have a differentiated product. and you know, mark an creasean has his brand and his product. and we bring a different --. >> we all bring a different asset to the table. and it's really up to the entrepreneur to decide what the right mix of what they need to problem solve is going to be. >> rose: tell me what angel investing is. >> kevin has been an active angel so let me point to him. >> angel investing is essentially typically an entrepreneur that has won in some way or another, taken money off the table they have a couple million dollars and are looking to invest in other entrepreneurs, so they will come in and you know whereas vc puts in 250 k to several million dollars in a round of funding, an angel will come in and say i will put in $25,000, maybe $50,000. and do they are already there-- . >> rose: give the ca passit ot rent a place to live. >> right, a very small round of funding, like the seed round of funding, coming with a few other angels, maybe give the company a combined total of a couple
hundred k and that will get the entrepreneur off the ground, into a prototype phase where they can go out and raise additional funds. >> rose: has what has happened to facebook shaken silicon valley. >> when you say happened to facebook what happened to facebook. >> rose: facebook's value has gone dramatically down from the ipo and people are asking questions about whether facebook will be able to do what it intended to do, and all the enthusiasm that was there at the time of the ipo. do you disagree with that? >> i actually would rewind and say the ipo is a fund-raising round it was very successfully priced for the company. and if facebook runs anything like google did, it's sort of as it stands now, stock prices-- . >> rose: let me ask you this, do you believe if you asked a hundred of the smartest people you know silicon valley, that that was-- worked perfectly as they hoped it would be, that public offering? >> i don't think so. >> rose: i don't think so either it wouldn't be. so my question though, has it shaken in any way, wait a minute let's take a breath here and ask ourselves you
know what we're looking at. >> it's tough as a company internally. what that does to moral when your stock price drops down like that. that will be a challenge for facebook as a company. also other things like the transition to mobile happening a lot faster than they expect. a lot of people are assuming facebook on mobile devices which they haven't figured out how to monetize yet. >> rose: did that happen because the technology made it possible. >> absolutely. so the iphone, peoples were, the iphone and android on-line with facebook, the perfect storm for people consuming, checking and posting status updates, remotely. when are you on facebook five, 10 times a day throughout the day there is not the need that we someone's had when we go back to our desktop or laptops to immediately jump on facebook. and so that is an issue. also you got to remember that in the back of everyone's minds including investors is myspace. these things are like cycles. it's like facebook has had a great run for eight years, can it go another 8, 10 years, we don't know. >> rose: there was a point at which certainly news
corporation thought myspace would be fantastic. and in the beginning it looked like it was. >> absolutely. >> rose: 7-- that's what you see playing out in the markets. fear versus greed and people hoping it's this versus that. but companies especially technology companies have to reinvent themselves on cycles that are increasingly shorter and shorter. >> rose: when you look, i mean what are the five questions that you wish you could answer right now about where it all is going. >> life or technology. >> rose: not life, we'll do that another day. >> technology, a and what we've been talking about. let's say one is going to be, you know, how rapid mobile arrives and all of its potential. you know, and how to monetize on mobile that is a question clearly. >> yup, i think, so i can answer that or the macro question. >> rose: either one. >> the macro question i would say i think it has been said before that people vastly underestimate the pace and the scale of change that technology will bring
over the long-term. and overestimate it in the short term. >> rose: i said that last night, exactly the thing. >> so if you are's talking long-term it's really hard to predict that middle ground but long-term when the kind of things that i think about are things like radical life extension, nanotechnology, artificial intelligence. >> rose: are you investing there? are you looking for ways to access that. >> 100%. >> rose: in terms of venture capital. >> yes. >> rose: that's an interesting thing. because there was a time that everybody went through a phase, not that many years ago looking at energy and alternative energies sources. and there were huge predictions of how big that was going to be. >> people radically overestimate in the short term and underestimate in the long-term. and i think those long-term clean energy will be important. but the hopes outpace. >> rose: so you are talking two things. i think i heard you say one is energy and two is health care. and three is education. >> those are all important areas ripe for disruption. >> rose: so whats is the definition of disruption? >> i think take and industry
and completely changing it up with technology. being able to take an old industry or create a completely new market with technology. for example, an area i'm fascinated about right now is the ability of taking, we all know what a social graph is now. we all know what a professional graph is with linked in. you know there is something starting to emerge right now with a neighborhood graph. so building out a graph of who our neighbors are and getting to know these people. when you live in a dense city, i live in san francisco, i don't know who lives-to-doors down. so there is a start-up that we're not-- i think it's interesting called next door, they allow to you connect with your neighbors and you know, hi raccoons break in my house three nights ago. i posted on there that raccoons had got then my house and hi ten neighbors respond within three or four hours. that's never been possibleler. i'm conducting with a community that you know is creating a neighborhood watch program. it's like these types of technologies, the raccoons are creating the-- but these types of technologies are creating new industries and very exciting new
technologies to enable communication that didn't exist before. >> when i say disruption what i am thinking of is putting something in front of me or an idea, that seems uncomfortably impossible. that i think larry has used the phrase a healthy disregard for the impossible. so if i can"7çkñoc easily image go. >> rose: a healthy disregard for the impossible. >> correct. >> i love that. >> that is the kind of entrepreneur that we're looking to fund and looking to invest in and it's a really fine line between healthy disregard for the impossible and crazy. and our job is to discern what side of the line. we will be right sometimes, and long other times. >> rose: when are you wrong what mistake did you make? >> i don't know that it's the kind of business where you have to expect to be wrong sometimes. >> rose: of course. if you are's not really there you are not going anywhere. >> correct. and you can be wrong because the person actually was crazy. you can wrong because the market wasn't ready, you were too early. look at napster. great idea. you could argue it was too early. the record companies, if they had worked with nap ster, there would have been
disruption there. but that's the kind of idea where you are putting something in front of me that i say this could change things in a fundamental way, not an incremental way. >> rose: some people say that microsoft made some of those mistakes. they were there too early and somebody else came along and made the market happen. >> look, i mean yes, i have heard that argument. that a huge company. highly profitable. hard to argue with their success. >> with billions of dollars. >> i don't buy a lot of that. i think microsoft's biggest issue is they were never sexy. they were never cool. like you had apple come in and somehow steve jobs was able to take this industry and make every single device that he launched, i had to have. every college student had to have. and that was just like microsoft was never good at that it was very geeky and almost too technical. and i just feel like they've never gotten that. >> rose: so who has that kind of quality now, beyond app snell. >> nest is a company we're invested in. >> rose: nest, absolutely. fles is two former apple,
matt rogers and tony left apple. and people's going to tell you what they do and will you say that sounds not like something i'm interested in. but they have reinvented the thermostat. >> rose: that sounds like something i'm not interested in. >> correct. >> rose: no it's not true, actually -- >> when i heard the pitch t that pitch i thought do si have to go to this meeting. but yes, i do, it's my job. but i went to the meeting. when you see the device an their plans and what they they did to it. it is something i couldn't have imagined ahead of time. that's the kind of disruption, you asked for the next steve jobs might be. well these are the kinds of characters, chad and steve who have started youtube were invested in their company called avos. these are people who are trying to do something really special with a really unique point of view on the world. square is another. >> square is great, jack dorsey making cash registers sexy in some way. >> rose: i have sort of been there and watched all of this happen. >> something i want to ask you before i left. i can't remember what it was, but any way, looking ahead
beyond the things that we talked about in terms of the future and being able to find the difference between, you know, the ride idea, and being crazy, what is the biggest challenge for you? >> well, i think that the biggest challenge is constantly staying in the mix and trying to find these entrepreneurs. i think that when there-- every time a company i, pouses like a facebook or zenga, you name it, instanley five, 10,000 new angel investors are born. so these deals are filling up very fast. when are you in the valley you just have to make sure that you are extremely well net worked. drinking a lot 6 coffee and meeting at the coffee shops. >> or red bull or something. >> and just taking in as many pitches as you possibly can and trying to find that next crazy wild idea. >> rose: so what is the future for groupon and zenga? >> well, i've never been a
big fan of groupon sites. i think that it's tough because you have-- . >> rose: don't be noncommittal. >> when i was a noncommittal. i'll commit. >> i think it is tough for these sites, i have a couple friends that have local businesses in san francisco. and one of them has a tea shop and has gone on groupon several times, has done these great deals. he gets a lot of people that come in but oftentimes they come in just forth deal, they never return, they never tip the wait staff and it's just a bad experience. >> rose: it's one time. >> it's one time and somehow they have to figure out a way around that. >> rose: the idea was you will use that to get them to come back and they will become regular customers. >> it just doesn't happen often times. >> rose: people who use those are not looking to become regular. >> i guess it depends on the type of demographic. i have heard certain guilt type deal sites that have a slightly higher demographic that are better for these types of deals. so everyone-- they. >> take zenga as an example. >> rose: exactly. >> do what you have is sort of like a new version of a
movie studio. a hits-based business. unless they can keep the hits coming and they did for a long time. and if they can bring the hits back, then the future looks good. but that's a really difficult business to invest in at this stage for people like us. but at the early stage, you can try to make a sector bet in that this mobile gaming category is going to be interestedding. let's find a few people. >> rose: so back to google. did google offer groupon $6 billion to buy it? >> you know i can't talk about that. >> rose: why not? >> i work for google ventures. >> rose: that's not google. the point-- google ventures is not google all the time. >> right. >> rose: okay, so, do you believe an offer of $6 billion or more was made for groupon. >> i can't talk about that. >> rose: kevin, help me out here. >> i wasn't there at google at the time. i believe it happened. i mean, clearly --. >> rose: thank you, thank you, great to see you. >> thank you. >> rose: back in a moment. stay with us.
bridgity lacombe is here, she is one of the most admired and respected photographers working today. she is also a great friend of this program. her work spans nearly 40 years. she has shot everyone from nelson mandela to meryl streep. when directors like mike nichols, david mamut and martin scorsese want someone to document their filme sts, she is the person they call. her latest project is ya, arab women in sport, a collectionofph otographs from lacombe and video interviews by her sister the filmmaker marion. i'm pleased to have brigitte lacombe back at this table. welcome. >> thank you. >> rose: how did this start? >> it started with-- a med drum projects from the-- the chairperson for the museum. >> rose: and the daughter of the amir. >> and the daughter of the amir and he is quite a remarkable young woman. >> rose: she went to duke, didn't she.
>> yes, she z and then columbia. and she very much loves new york. >> rose: right. >> and she, my sister and i marion had been already could lab rating on a project for another project 6 hers called-- which was startsing at the same time as the festival. and she had asked to us document filmmakers from the region. and meaning me doing portrait and my sister doing-- . >> rose: she has become a force in the cultural world in the mideast. >> yeah, very, very much so. and so this project, has been going on the fourth year now. we are like something like 2260 portrait already. but then a young girl, she asked would we be interested in doing some thing similar for the london olympics on
arab women in sport. and of course i mean it was just like such a great opportunity because, i mean for me, and also for my sister to discover a new world. i know nothing about sports. and it was very intriguing. and so of course we said yes. >>x of the backdrop of this is that arab women have not, correct me if i'm wrong, contributed in sport and certainly not that much in large numbers in the olympics. >> exactly. but even though the project was too represent the anti--- i mean it was to a certain degree within the time we had. the art world and not just one country, not, obviously it became to try to represent all< and also to try to represent all the sporting world in the olympic. which we nearly succeeded
but not entirely because it was just really too much. but we did. and we started it at arab game if doha in 2011 in december. and we build a site like another studio, which is a curved wall, a tall wall, in the middle of the village. and try to basically sgrab, you know, as many of the athletes that we could, that we knew we wanted but we also were open to anybody that was ofot interest because we have performed very well. but really it was a different project also for me in the sense that it was not a-- project at all so it was interesting. because it was as well, you know, to concentrate on a
young girl that is learning to play tennis, and they never get to any international competition, to actually someone that is competing today at an international level. and someone that is retired from sport also, but has been an inspiration. so it was, anyway, to try to be as diverse and as inclusive. >> did you have to learn anything new to do this? >> actually, not really. i mean not really, maybe i should have. but i have, i have two great, great collaborator assistants that work with me. and they know everything about sport. everything. and so when i was misguided, you know, at some point, because what i ask this young woman was to portray in one gesture, basically,
the sense of their sport. and so-- . >> rose: so that's what you wanted, one gesture. >> yeah reasons. >> reflect the essence of your sport. >> yes, that's what i was hoping for. and but for me everything is a portrait. so i was thinking also i was doing portrait. but portrait in movement, in color. and with some speed sometime. >> rose: but was it important to make sure you observed, in a sense, the physicality because it's so central to-- athleticism. >> yes, absolutely, absolutely. but this is-- as soon as one of these is in front of you, you know are you in the presence of a different than yourself. >> yes. >> so and they are so extraordinary. i mean it's really all of them, i mean, also you know what it takes, the discipline it takes to excel
at anything. and obviously something that is so difficult as sport. and nor a lot of them to do it in very difficult circumstances. i mean. >> rose: i think one of the great things to happen in the united states, especially in the last 10, 20 years, and has to do with both legislation and the participation of young women in sport, you know, at the youngest level. at the youngest age. not just those people who early on decide they want to be a gymnast, but people in the playing fields of every school in america. young women playing soccer. young women playing a range of sports. and it's a great thing. >> yes. >> it's a wonderful thing. >> and that's the same thing that is happening in the arab world. except with many, many more difficulties, you know, that are due to culture or economic, or you know but
it's the same thing that was like the, you know, a sense the revelation of the project also is similar because the economic between the similarity and the great differences of -- >> so tell me this, so here why did you choose this for the cover of this book. >> well, i mean this one in a way, i mean this is a very young girl from qatar that is training with one of the best coach in florida. and is really quite a contender. but look at her. she's wearing like some adidas, cool hoodie but it's also like modesty. she's covered up. >> but the joy in her smile, and pride. >> such joy, such pride. and determination. this i think-- . >> rose: we've got some. some of the ones that i loved is this one, for example. is tat great. >> she was remarkable.
she was remarkable. i mean we have a video on her. she was from somalia. and she is actually working on an oil rig in canada. i mean she's remarkable woman. >> rose: we're going to now look at some of these photographs. they are amazing. look at the eyes, look at the muscle, look at the manner of which you are seeing the intensity and the love to be there. this first person, i'm going to give a shot at, she is a sprinter. >> yeah. she's so strikingly beautiful. and there something else this was surprising to me. she it is soa fmiliar about her but at the samee sh's like so strong. and no she was talking about how unlikely it is in our culture to be let not only to practice sport but to do
it on that level. and to be able to travel on her own, even though she's not married and she was not accompanied by someone. >> the next one is a photograph of a run frere palestine. >> she was so striking. it was a striking moment. so that is the image i choose. actually in the exhibit at sotheby'ses in london there was, here we see e agim image per athelete but there were several so you could see more of her. bu tishat the image that i felt was stronger. she was really also remarkable. she's from palestine. she has been training byat herself, just wearing, you , she's never worn shoes with spikes, so suddenly she's training with spiked shoes and just like is impaired, instead of being-- so she has to relearn, basically, how to run. >> the next is a video by your sister of a basketball
play frere somalia. >> yes. >> take a look at that one. >> may name is marian hussein, i'm was born in somalia. i moved to canada. i'm a pipefitter in the oil rig in alberta. basketball is the thing that i don't know, i think it shows me up. gave me the ability to think that i could do anything. i used to play with the guys all the time. i barely played with females. and when i started playing with females it was just much easier. because you are always used to the guise. and guy was in the give me a chance, i'll tell you that. so it gives you confidence t gives you structure. it gives you order, i would say, like to be on time for practice to encourage others and it opened a lot of doors for me. i met a lot of great people that had influence in my life. it's not only about sports when you play on a team.
it's also about a life, i don't know, you can't explain it, it's a lot more than just playing ball, playing basketball, just putting that ball in the hoop. the girls that i play with that are from somalia, it's a challenge for them because there's always that risk that you could be killed because you are a female and you are playing sports. the government is saying they are not allowed to play it is a group that are forcing upon others to follow what they believe, a small group that are causing all this violence. you should have it in your heart to do what you believe god wants to you do. so they have the courage and i don't know if i would do it, but it's amazing. it's great to see that. >> rose: that was done by your sister marion. >> yeah, and i think she's too articulate, this young girl, and the power of her emotion is really-- . >> rose: the power of her
emotion. >> every time i atr.ch he >> rose: the next papho grtohgr is-- gymnasts from qat.ar >> ye. ell, they were just interesting, young o, nes and look at the u,nirmfon with the flames and very, and again, i mean these two young gymnass, i don't know if they will ever compete, you know, on a big stage. but they are like so dedicated and happy to do that. okay, take a look at this thisback to a photograph of a sprint frere qatar. >> she is the one that was got her white card to compete at the olympics. so then when she was in the starting block pulled a muscle and had to be immediately taken off the court so it was really a
great proximity then taken away from her. but she, i mean, she, that is talking about a common thing. here she is like very, very young. and being a complete teenager, also. >> the exhibit premiered at sotheby'ses in london this summer it comes to the qatar museum gallery in march of 2013. >> yes. and then after that it will be interesting to see how it is received in qatar. but after that we are going to go to another phase of the project, to go on with the project and start to include men in, i mean because it was just one, you know, focus at first. where the woman and it was really timely for this olympics and an important moment. but now we are going to include men and then also well-known athletes. i mean we are going to